FIRST STEP APARTMENTS INC (EIN 710773527) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1995

Legal Domicile

Principal Officer

C CARL SCHULTZ

Phone

5012800037

Tax Period

2024-07-01 to 2025-06-30

FIRST STEP APARTMENTS INC, founded in 1995, is a small nonprofit in the Human Services sector that reported $156K in total revenue in fiscal year 2018. Net assets of $654K represent 50 months of operating reserves.

Mission

PROVIDE LOW-INCOME HOUSING TO PERSONS WITH DISABILITIES LOCATED IN HELENA, ARKANSAS IN ACCOURDANCE WITH U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $251,807

Investment Income $326

Other Revenue $0

TOTAL REVENUE $252,133

Expense Breakdown

Grants Paid $0

Salaries & Benefits $51,601

Fundraising Expenses $0

Program Expenses $225,351

Other Expenses $231,106

TOTAL EXPENSES $282,707

Year-over-Year Comparison

	2024	2023	Change
Revenue	$252,133	$217,752	+0.2%
Expenses	$282,707	$228,379	+0.2%
Net Income	$-30,574	$-10,627	+1.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY OWENS	TREASURER	N/A	Officer Director	$0	$0	$0
C CARL SCHULTZ	PRESIDENT	N/A	Officer Director	$0	$0	$0
CYNTHIA WHEELER	SECRETARY	N/A	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$252,133	$282,707	$602,905	$-30,574
2024	$217,752	$228,379	$596,240	$-10,627
2023	$188,649	$204,745	$605,694	$-16,096
2022	$170,524	$199,856	$629,637	$-29,332
2021	$159,007	$172,031	$650,479	$-13,024
2020	$160,998	$178,387	$665,545	$-17,389
2019	$155,762	$169,066	$684,495	$-13,304

FIRST STEP APARTMENTS INC